General Freight Trucking

NAICS 4841 · Transportation and Warehousing sector · 296,758 loans · $11.63B

Total Loans
296,758
Total Approved
$11.63B
Avg $39,185/loan
Loans Forgiven
263,898
88.9% forgiveness rate
Amount Forgiven
$10.67B
Jobs Reported
1,060,703

Businesses and organizations in the General Freight Trucking industry (NAICS code 4841, part of the Transportation and Warehousing sector) received 296,758 PPP loans totaling $11.63B during the COVID-19 pandemic.

The average loan for this industry was $39,185 — below the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

88.9% of loans in this industry were forgiven — totaling $10.67B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include CENTRAL FREIGHT LINES, INC of WACO, TX ($10,000,000); ALLIANCE SOLUTIONS GROUP, LLC of INDEPENDENCE, OH ($10,000,000); and ACME TRUCK LINE INC of GRETNA, LA ($10,000,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Transportation and Warehousing sector — air, rail, water, truck, transit, pipeline, and scenic transportation services. — businesses in NAICS 4841 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.

Search all loans in this industry →